Bengaluru-based ZestMoney (run by Camden Town Technologies Pvt Ltd) on Monday announced that it had raised $13.4 million in a new round of Series A2 funding, led by smartphone manufacturer Xiaomi. This fund infusion brings the total funding raised by the company to $22 million. Previously, PayU led the company's Series A investment of $6.5 million in 2016. In a statement, ZestMoney said that Xiaomi’s investment is a follow-on to this, with participation from all three existing investors, PayU, Ribbit Capital, and Omidyar Network.

Lizzie Chapman. Co-founder, ZestMoney

American multinational conglomerate Berkshire Hathaway confirmed it has invested in Paytm’s parent company, One97 Communications Ltd, according to several media reports. The company also said billionaire Warren Buffet, who runs the conglomerate, was not personally involved in the transaction, according to a Reuters report. This marks Berkshire Hathaway’s first investment in an Indian technology firm. A Mint report earlier had said that Paytm has been in talks with Berkshire Hathaway since early February to raise Rs 2,200 - 2,500 crore ($300-350 million) at a valuation of about $10-12 billion.